Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Creative Media & Community Trust Corporation Major Shareholding Notification 2021

Jun 17, 2021

6737_rns_2021-06-17_68c941c9-29f9-4600-80dd-1a74ab0d119a.pdf

Major Shareholding Notification

Open in viewer

Opens in your device viewer

{# SEO P0-1: filing HTML is rendered server-side so Googlebot sees the full text without executing JS or following an iframe to a Disallow'd CDN path. The content has already been sanitized through filings.seo.sanitize_filing_html. #}

SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

CIM Commercial Trust Corporation

(Name of Issuer)

Common Stock, \$0.001 par value (Title of Class of Securities)

125525584 (CUSIP Number)

Greg Morillo

c/o Lionbridge Capital I LP 600 Madison Avenue, 24th Floor New York, New York 10022 (212) 300-8003 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

With a Copy to:

Robert E. Robotti Robotti & Company, Incorporated One Grand Central Place 60 East 42nd Street, Suite 3100 New York, NY 10165-0057 (212) 986-4800

June 15, 2021 (Date of Event Which Requires Filing This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f), or Rule 13d-1(g), check the following box. [ ]

1. Name of Reporting Persons
Lionbridge Capital I, LP*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. WC Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
183,339
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
183,339
11. 183,339 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 1.23% Percent of Class Represented by amount in Row (11)
14. PN Type of Reporting Person
1. Name of Reporting Persons
Lionbridge Capital, LP*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. WC Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
60,761
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
60,761
11. 60,761 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. Less than 1% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
PN
1. Name of Reporting Persons
Lionbridge Capital GP, LLC*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. AF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
183,339
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
183,339
11. 183,339 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 1.23% Percent of Class Represented by amount in Row (11)
14. OO Type of Reporting Person
1. Name of Reporting Persons
Lionbridge GP, LLC*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. AF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
60,761
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
60,761
11. 60,761 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. Less than 1% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
OO
1. Name of Reporting Persons
Lionbridge Asset Management, LLC*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. AF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
244,100
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
244,100
11. 244,100 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 1.64% Percent of Class Represented by amount in Row (11)
14. OO Type of Reporting Person
1. Name of Reporting Persons
Greg Morillo*
2. Check the appropriate box if a member of a group (see instructions)
(a) [X]
(b) [ ]
3. SEC use only
4. AF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
United States
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
244,100
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
244,100
11. Aggregate Amount Beneficially Owned by Each Reporting Person
244,100
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
[ ]
13. 1.64% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
IN, HC
1. Name of Reporting Persons
The Ravenswood Investment Company L.P.*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. WC Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
Delaware
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
293,415
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
293,415
11. 293,415 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 1.98% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
PN
1. Name of Reporting Persons
Ravenswood Investments III, L.P.*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. WC Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
New York
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
174,135
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
174,135
11. 174,135 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 1.17% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
PN
1. Name of Reporting Persons
Ravenswood Management Company, LLC*
2. Check the appropriate box if a member of a group (see instructions)
(a) [X]
(b) [ ]
3. SEC use only
4. Source of Funds (see instructions)
AF
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
New York
7. Sole Voting Power
Number of 0
Shares 8. Shared Voting Power
Beneficially
Owned By
Each
Reporting
Person With
467,550
9. Sole Dispositive Power
0
10. Shared Dispositive Power
467,550
11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,550
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
[ ]
13. Percent of Class Represented by amount in Row (11)
3.15%
14. Type of Reporting Person
HC
1. Name of Reporting Persons
Robotti & Company Advisors, LLC*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. WC Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
New York
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
467,550
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
467,550
11. 467,550 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 3.15% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
IA, OO
1. Name of Reporting Persons
Robotti & Company, Incorporated*
2. Check the appropriate box if a member of a group (see instructions)
(a) [X]
(b) [ ]
3. SEC use only
4. Source of Funds (see instructions)
AF
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. Citizen or Place of Organization
New York
7. Sole Voting Power
Number of 0
Shares 8. Shared Voting Power
Beneficially 467,550
Owned By 9. Sole Dispositive Power
Each 0
Reporting 10. Shared Dispositive Power
Person With 467,550
11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,550
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
[ ]
13. Percent of Class Represented by amount in Row (11)
3.15%
14. Type of Reporting Person
HC, OO
1. Name of Reporting Persons
Robert E. Robotti*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. AF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
United States
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
467,550
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
467,550
11. 467,550 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 3.15% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
IN, HC
1. Name of Reporting Persons
Thomas D. Ferguson*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. OO Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
United States
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
0
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
0
11. 0 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 0% Percent of Class Represented by amount in Row (11)
14. IN Type of Reporting Person
1. Name of Reporting Persons
Mark C. Gelnaw*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. OO Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
United States
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
0
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
0
11. 0 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 0% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
IN
1. Name of Reporting Persons
Raymond V. Marino II*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. OO Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6. United States Citizen or Place of Organization
Number of 7. Sole Voting Power
0
Shares
Beneficially
8. Shared Voting Power
0
Owned By
Each
9. Sole Dispositive Power
0
Reporting
Person With
10. Shared Dispositive Power
0
11. 0 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. 0% Percent of Class Represented by amount in Row (11)
14. IN Type of Reporting Person
1. Name of Reporting Persons
John S. Moran*
2. (a) [X] Check the appropriate box if a member of a group (see instructions)
(b) [ ]
3. SEC use only
4. PF Source of Funds (see instructions)
5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
____
6.
Citizen or Place of Organization
United States
Number of 7. Sole Voting Power
35,859
Shares
Beneficially
8. Shared Voting Power
0
Owned By
Each
9. Sole Dispositive Power
35,859
Reporting
Person With
10. Shared Dispositive Power
0
11. 35,859 Aggregate Amount Beneficially Owned by Each Reporting Person
12. [ ] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
13. Less than 1% Percent of Class Represented by amount in Row (11)
14. Type of Reporting Person
IN

Explanatory Note

This filing is being made to remove each of Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC (collectively, "Winthrop"), as a party to the 13D Group Agreement. Accordingly, Winthrop is no longer a participant in the solicitation by Lionbridge (as defined below) and Robotti (as defined below) to elect five highly-qualified independent directors to the board of CIM Commercial Trust Corporation; and Winthrop is no longer deemed a member of the Lionbridge-Robotti "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, as Winthrop is no longer coordinating its activities with Lionbridge and Robotti with regard to the solicitation. Except as noted herein, the information for Lionbridge Capital I, LP and its affiliates (collectively, "Lionbridge") and The Ravenswood Investment Company L.P. and its affiliates (collectively, "Robotti") is not being updated and remains accurate.

The portions of the amended and restated Schedule 13D, as filed with the Securities and Exchange Commission on May 27, 2021 and as amended to date (the "Amended and Restated 13D"), that are not supplemented or amended below remain unchanged by the filing of this Amendment No. 4 to the Amended and Restated 13D. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Amended and Restated 13D.

Item 2. Identity and Background

Item 2 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.

Item 4. Purpose of Transaction

Item 4 of the Amended and Restated 13D is hereby supplemented as set forth below.

On June 15, 2021, Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC delivered a notice to Lionbridge and Robotti that they were electing to terminate their respective obligations under the Group Agreement and withdraw from the Group effective at 1:00 pm eastern time on June 16, 2021.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: June 16, 2021

Lionbridge Capital I LP By: Lionbridge Capital GP, LLC, its General Partner

By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member

Lionbridge Capital LP By: Lionbridge GP, LLC, its General Partner

By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member

Lionbridge Capital GP, LLC

By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member

Lionbridge GP, LLC

By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member

Lionbridge Asset Management, LLC

By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member

Ravenswood Management Company, LLC

By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director

The Ravenswood Investment Company L.P.

By: Ravenswood Management Company, LLC, its General Partner

By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director

Ravenswood Investments III, L.P.

By: Ravenswood Management Company, LLC, its General Partner

By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director

Robotti & Company Advisors, LLC

By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: President and Treasurer

Robotti & Company, Incorporated

By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: President and Treasurer

Individuals:

/s/ Greg Morillo Greg Morillo

/s/ Robert E. Robotti Robert E. Robotti

/s/ Thomas D. Ferguson Thomas D. Ferguson

/s/ Mark C. Gelnaw Mark C. Gelnaw

/s/ Raymond V. Marino II Raymond V. Marino II

/s/ John S. Moran John S. Moran